Multifamily
Costa Vista Apartments
16301 Gulf Blvd, Redington Beach, FL 33708
Listing Price: $3,400,000
Cap Rate
3.14%
Number of Units
10
Price/Unit
$340,000
Price/Gross SF
$404.57
Gross SF
8,404
Investment Overview
100% ownership of ten-unit individually-parceled community located in Redington Beach, Florida (Tampa Bay MSA)
Costa Vista Apartments
Investment Highlights
- 100% ownership of ten-unit individually-parceled community located in Redington Beach, Florida (Tampa Bay MSA)
- Irreplaceable location on Gulf Boulevard, directly across street from Gulf of Mexico and public access boardwalk to expansive, nationally-recognized white-sand beaches
- Situated directly between Clearwater Beach and St. Pete Beach in Pinellas County, Florida's most densely populated county
- Nine Apartments, including full-floor penthouse with Gulf of Mexico and Intracoastal Waterway views, and one commercial unit fronting Gulf Boulevard
- Office unit is one of only two commercial properties in Redington Beach and has option to be converted to residential use
- Price per square foot is 64% of recent individual sale comps
- Airbnb/daily rental permitted
- Proven unit interior renovations may realize a 47% increase in Effective Gross Income by end of Year 2
Exclusively Listed By
Financing By
Listing Price: $3,400,000
Cap Rate
3.14%
Number of Units
10
Price/Unit
$340,000
Price/Gross SF
$404.57
Gross SF
8,404
Investment Highlights
- 100% ownership of ten-unit individually-parceled community located in Redington Beach, Florida (Tampa Bay MSA)
- Irreplaceable location on Gulf Boulevard, directly across street from Gulf of Mexico and public access boardwalk to expansive, nationally-recognized white-sand beaches
- Situated directly between Clearwater Beach and St. Pete Beach in Pinellas County, Florida's most densely populated county
- Nine Apartments, including full-floor penthouse with Gulf of Mexico and Intracoastal Waterway views, and one commercial unit fronting Gulf Boulevard
- Office unit is one of only two commercial properties in Redington Beach and has option to be converted to residential use
- Price per square foot is 64% of recent individual sale comps
- Airbnb/daily rental permitted
- Proven unit interior renovations may realize a 47% increase in Effective Gross Income by end of Year 2
Investment Overview
100% ownership of ten-unit individually-parceled community located in Redington Beach, Florida (Tampa Bay MSA)
Exclusively Listed By
Financing By
